House hunters in Newport Beach, Costa Mesa, Orange County and elsewhere are encountering formidable old foes… ample competition, multiple offers and all cash buyers. Well-priced homes in desirable areas are rare – and thus a precious commodity. Some homes in sought-after neighborhoods are selling like hotcakes, above list price, with multiple offers submitted within … Continue Reading
Category
Pre-Approval
Southern California Home Prices Hit Three-Year High; Orange County Sales Volume up 41 Percent from Last Year
More Buyers, fewer Sellers, record-low interest rates and increase in rental values made Southern California home sales jump over 25 percent this past October, compared to October 2011, a three-year high, according to real estate research firm DataQuick. Not surprisingly, coastal markets saw the biggest increase in sales, especially such prime locations as Newport Beach … Continue Reading
Though Higher Prices Can Be Discouraging, Keep In Mind Mortgage Rates Remain Near All-Time Lows, Saving Hundreds of Thousands of Dollars
With home prices back at or above the recent year’s lows, those discouraged by today’s returning prices should also keep in mind the near all-time record low mortgage rates hovering under 3.5 percent, saving borrowers hundreds of thousands of dollars compared to earlier 6 percent rates and literally millions of dollars compared to the historical … Continue Reading
Thinking of Buying a Home? – Pre-Approval – it’s the Necessary First Step
Looking for your dream home in Newport Beach, Costa Mesa, Orange County or elsewhere? You simply cannot have a serious discussion about buying a home without a serious consultation with a lender. Unless you have hundreds of thousands of dollars in the bank, chances are you’re like most people and will need to borrow the … Continue Reading
